MACRO ECONOMIC NEWS

Macro Economic News 17 Jan 2017

 

FINANCIAL TIMES

[I]  Trump flexes muscle against pillars of postwar order

[I]  Theresa May to lay out clean break from EU

[I]  Northern Ireland faces fresh elections on March 2

[I]  Work permits at heart of UK’s Brexit border plan

[I]  Egyptian plan to give land to Saudi Arabia blocked

[I]  Investors in India await Modi’s long-promised reforms

[I]  Trump’s UK trade pledge: hurdles to a quick deal

[I]  China tightens app store regulations

 

BLOOMBERG 

[I]  China's Oil Collapse in Unintentionally Helping OPEC

[I]  May Ready to Announce Britain Will Leave EU Single Market

[I]  Trump, Fed Headed for Clash Amid Dollar Surge, Economists Say

[I]  Trump's Vow to Erase Obama's Executive Orders Takes Aim at Diversity

[I]  Singapore’s MAS Warns of ‘Disastrous’ Effect of Trade Conflicts

[I]  As OPEC Acts on New Year’s Resolution, U.S. Shale Pumps Away

[I]  Pro-EU U.K. Lawmakers Warn May Not to Rush Trade Deal With Trump

[I]  Singapore’s Export Growth Beats Forecasts for Second Month

[I]  IMF Upgrades China 2017 Growth Forecast to 6.5%

[I]  Living Standards Better Growth Gauge Than GDP, Davos Forum Says

 

BUSINESS LINE

[I]  It’s official: GST only from July 1

[I]  Top 10 global firms richer than 180 poor countries combined

[I]  Note ban impact: India loses fastest-growing economy tag

[I]  ATM withdrawal limit hiked to Rs. 10,000

[I]  More investments will help sustain the topline

 

ECONOMIC TIMES

[I]  Budget 2017: To fight poverty, govt planning money for all scheme

[I]  AUMs at an all-time high of Rs 16.46 lakh crore in Dec, may cross Rs 20 lakh crore in 2017

[I]  Key indicators suggest emerging markets are heading downwards

[I]  Govt bonds slip on banks' selling, call rates rule steady

[I]  India imports 2.7 million tonnes wheat so far this fiscal

[I]  Tamil Nadu seeks Rs 39,565 crore from Centre to tackle drought

[I]  IMF cuts India's growth rate to 6.6% due to note ban

[I]  Inflation up 3.39 per cent, may rise further in January and February

[I]  Indian consumers most optimistic in Asia Pacific: Mastercard

[I]  India slips to 92nd rank on global talent competitiveness

[I]  Limited room to reduce fiscal deficit to 3 per cent in FY'18: Moody's

[I]  India will remain one of the fastest growing major economies in 2017: ICRA

[I]  Labour intensive sectors may get easy credit flow soon

 

BUSINESS STANDARD

[I]  Richest 1% own 58% of total wealth in India, says Oxfam

[I]  Dairies' margins under pressure on 20% hike in milk procurement cost

[I]  Retail car sales up 3.5% in December despite note ban

[I]  Linking credit guarantee to MSE ratings can boost lending

[I]  WPI inflation rises to 3.39% in December 2016

[I]  Indian CEOs most optimistic amidst global gloom

[I]  India ranks 60 on inclusive development, below Pak

 

MARKETS (7.45am)

[I]  SGX NIFTY Fut: 8439;  USDINR DGCX: 68.1750;  DJIA Mini Fut: 19789;  FTSE 100 Fut: 7257;  NIKKEI 225 Fut: 19025;  EUR-USD: 1.0607; Crude Oil (WTI): 52.48;  Gold (Spot): 1205

 

Best Regards, ARBIND